Mercer Global Advisors Inc. ADV Sells 7,075 Shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)

Mercer Global Advisors Inc. ADV lessened its position in shares of Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) by 62.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,288 shares of the company’s stock after selling 7,075 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Direxion Daily Semiconductors Bull 3x Shares were worth $237,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SOXL. IMC Chicago LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares in the second quarter worth $24,699,000. Global Assets Advisory LLC bought a new position in shares of Direxion Daily Semiconductors Bull 3x Shares in the 1st quarter valued at about $13,683,000. Westwood Wealth Management purchased a new position in Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth about $10,158,000. Virtu Financial LLC bought a new stake in Direxion Daily Semiconductors Bull 3x Shares during the second quarter worth approximately $7,760,000. Finally, Commonwealth Equity Services LLC raised its position in Direxion Daily Semiconductors Bull 3x Shares by 60.7% during the first quarter. Commonwealth Equity Services LLC now owns 47,030 shares of the company’s stock valued at $2,188,000 after purchasing an additional 17,757 shares during the period.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

NYSEARCA:SOXL opened at $36.68 on Tuesday. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 37.08 and a beta of 5.47. The business has a 50 day simple moving average of $35.70 and a 200-day simple moving average of $44.15. Direxion Daily Semiconductors Bull 3x Shares has a 1 year low of $14.01 and a 1 year high of $70.08.

Direxion Daily Semiconductors Bull 3x Shares Profile

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) is an exchange-traded fund that is based on the ICE Semiconductor index. The fund provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXL was launched on Mar 11, 2010 and is managed by Direxion.